vs
奥驰亚（MO）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
奥驰亚的季度营收约是Post Holdings, Inc.的2.7倍（$5.8B vs $2.2B）。奥驰亚净利率更高（19.1% vs 4.5%，领先14.7%）。Post Holdings, Inc.同比增速更快（10.1% vs -2.1%）。奥驰亚自由现金流更多（$3.2B vs $119.3M）。过去两年Post Holdings, Inc.的营收复合增速更高（4.3% vs 2.4%）
奥驰亚集团是美国头部烟草企业，通过旗下子公司生产销售可燃烟草与口服类烟草相关产品，核心品牌包括万宝路香烟、Black & Mild雪茄及烟斗烟、哥本哈根、斯库尔等湿无烟烟草，以及on!口服尼古丁袋，产品主要供应批发商、分销商及大型零售客户。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
MO vs POST — 直观对比
营收规模更大
MO
是对方的2.7倍
$2.2B
营收增速更快
POST
高出12.3%
-2.1%
净利率更高
MO
高出14.7%
4.5%
自由现金流更多
MO
多$3.1B
$119.3M
两年增速更快
POST
近两年复合增速
2.4%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.8B | $2.2B |
| 净利润 | $1.1B | $96.8M |
| 毛利率 | 62.1% | 29.4% |
| 营业利润率 | 28.2% | 11.0% |
| 净利率 | 19.1% | 4.5% |
| 营收同比 | -2.1% | 10.1% |
| 净利润同比 | -63.2% | -14.6% |
| 每股收益（稀释后） | $0.67 | $1.71 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MOPOST
| Q4 25 | $5.8B | $2.2B | ||
| Q3 25 | $6.1B | $2.2B | ||
| Q2 25 | $6.1B | $2.0B | ||
| Q1 25 | $5.3B | $2.0B | ||
| Q4 24 | $6.0B | $2.0B | ||
| Q3 24 | $6.3B | $2.0B | ||
| Q2 24 | $6.2B | $1.9B | ||
| Q1 24 | $5.6B | $2.0B |
净利润MOPOST
| Q4 25 | $1.1B | $96.8M | ||
| Q3 25 | $2.4B | $51.0M | ||
| Q2 25 | $2.4B | $108.8M | ||
| Q1 25 | $1.1B | $62.6M | ||
| Q4 24 | $3.0B | $113.3M | ||
| Q3 24 | $2.3B | $81.6M | ||
| Q2 24 | $3.8B | $99.8M | ||
| Q1 24 | $2.1B | $97.2M |
毛利率MOPOST
| Q4 25 | 62.1% | 29.4% | ||
| Q3 25 | 62.8% | 26.8% | ||
| Q2 25 | 63.1% | 30.0% | ||
| Q1 25 | 61.8% | 28.0% | ||
| Q4 24 | 60.3% | 30.1% | ||
| Q3 24 | 60.8% | 28.6% | ||
| Q2 24 | 59.2% | 29.6% | ||
| Q1 24 | 58.8% | 29.0% |
营业利润率MOPOST
| Q4 25 | 28.2% | 11.0% | ||
| Q3 25 | 53.2% | 7.5% | ||
| Q2 25 | 52.9% | 11.8% | ||
| Q1 25 | 34.0% | 9.3% | ||
| Q4 24 | 48.2% | 10.8% | ||
| Q3 24 | 50.4% | 9.5% | ||
| Q2 24 | 40.8% | 10.4% | ||
| Q1 24 | 48.0% | 9.5% |
净利率MOPOST
| Q4 25 | 19.1% | 4.5% | ||
| Q3 25 | 39.1% | 2.3% | ||
| Q2 25 | 39.0% | 5.5% | ||
| Q1 25 | 20.5% | 3.2% | ||
| Q4 24 | 50.9% | 5.7% | ||
| Q3 24 | 36.6% | 4.1% | ||
| Q2 24 | 61.2% | 5.1% | ||
| Q1 24 | 38.2% | 4.9% |
每股收益（稀释后）MOPOST
| Q4 25 | $0.67 | $1.71 | ||
| Q3 25 | $1.41 | $0.91 | ||
| Q2 25 | $1.41 | $1.79 | ||
| Q1 25 | $0.63 | $1.03 | ||
| Q4 24 | $1.78 | $1.78 | ||
| Q3 24 | $1.34 | $1.28 | ||
| Q2 24 | $2.21 | $1.53 | ||
| Q1 24 | $1.21 | $1.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.5B | $279.3M |
| 总债务越低越好 | $25.7B | $7.5B |
| 股东权益账面价值 | $-3.5B | $3.5B |
| 总资产 | $35.0B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资MOPOST
| Q4 25 | $4.5B | $279.3M | ||
| Q3 25 | $3.5B | $176.7M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $4.7B | $617.6M | ||
| Q4 24 | $3.1B | $872.9M | ||
| Q3 24 | $1.9B | $787.4M | ||
| Q2 24 | $1.8B | $333.8M | ||
| Q1 24 | $3.6B | $333.4M |
总债务MOPOST
| Q4 25 | $25.7B | $7.5B | ||
| Q3 25 | $25.7B | $7.4B | ||
| Q2 25 | $24.7B | $7.3B | ||
| Q1 25 | $26.1B | $6.9B | ||
| Q4 24 | $24.9B | $6.9B | ||
| Q3 24 | $25.2B | $6.8B | ||
| Q2 24 | $25.0B | $6.4B | ||
| Q1 24 | $25.0B | $6.4B |
股东权益MOPOST
| Q4 25 | $-3.5B | $3.5B | ||
| Q3 25 | $-2.6B | $3.8B | ||
| Q2 25 | $-3.3B | $4.0B | ||
| Q1 25 | $-3.5B | $3.8B | ||
| Q4 24 | $-2.2B | $3.9B | ||
| Q3 24 | $-3.5B | $4.1B | ||
| Q2 24 | $-3.0B | $3.9B | ||
| Q1 24 | $-5.1B | $4.0B |
总资产MOPOST
| Q4 25 | $35.0B | $13.0B | ||
| Q3 25 | $35.0B | $13.5B | ||
| Q2 25 | $32.3B | $13.4B | ||
| Q1 25 | $35.8B | $12.8B | ||
| Q4 24 | $35.2B | $12.8B | ||
| Q3 24 | $34.2B | $12.9B | ||
| Q2 24 | $34.4B | $12.1B | ||
| Q1 24 | $36.5B | $12.2B |
负债/权益比MOPOST
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.61× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $3.3B | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $3.2B | $119.3M |
| 自由现金流率自由现金流/营收 | 54.4% | 5.5% |
| 资本支出强度资本支出/营收 | 1.6% | 5.4% |
| 现金转化率经营现金流/净利润 | 2.93× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $9.1B | $436.0M |
8季度趋势，按日历期对齐
经营现金流MOPOST
| Q4 25 | $3.3B | $235.7M | ||
| Q3 25 | $3.1B | $301.3M | ||
| Q2 25 | $205.0M | $225.9M | ||
| Q1 25 | $2.7B | $160.7M | ||
| Q4 24 | $3.3B | $310.4M | ||
| Q3 24 | $2.6B | $235.4M | ||
| Q2 24 | $-75.0M | $272.3M | ||
| Q1 24 | $2.9B | $249.6M |
自由现金流MOPOST
| Q4 25 | $3.2B | $119.3M | ||
| Q3 25 | $3.0B | $151.6M | ||
| Q2 25 | $173.0M | $94.9M | ||
| Q1 25 | $2.7B | $70.2M | ||
| Q4 24 | $3.3B | $171.4M | ||
| Q3 24 | $2.6B | $96.2M | ||
| Q2 24 | $-104.0M | $161.5M | ||
| Q1 24 | $2.8B | $150.9M |
自由现金流率MOPOST
| Q4 25 | 54.4% | 5.5% | ||
| Q3 25 | 50.1% | 6.7% | ||
| Q2 25 | 2.8% | 4.8% | ||
| Q1 25 | 51.0% | 3.6% | ||
| Q4 24 | 55.1% | 8.7% | ||
| Q3 24 | 41.2% | 4.8% | ||
| Q2 24 | -1.7% | 8.3% | ||
| Q1 24 | 51.0% | 7.5% |
资本支出强度MOPOST
| Q4 25 | 1.6% | 5.4% | ||
| Q3 25 | 0.9% | 6.7% | ||
| Q2 25 | 0.5% | 6.6% | ||
| Q1 25 | 0.7% | 4.6% | ||
| Q4 24 | 0.8% | 7.0% | ||
| Q3 24 | 0.5% | 6.9% | ||
| Q2 24 | 0.5% | 5.7% | ||
| Q1 24 | 0.6% | 4.9% |
现金转化率MOPOST
| Q4 25 | 2.93× | 2.43× | ||
| Q3 25 | 1.30× | 5.91× | ||
| Q2 25 | 0.09× | 2.08× | ||
| Q1 25 | 2.53× | 2.57× | ||
| Q4 24 | 1.10× | 2.74× | ||
| Q3 24 | 1.14× | 2.88× | ||
| Q2 24 | -0.02× | 2.73× | ||
| Q1 24 | 1.35× | 2.57× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MO
| Smokeable Products Segment | $5.1B | 88% |
| Oral Tobacco Segment | $706.0M | 12% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
